Category: Exchanges

Cryptocurrency exchanges are platforms where users can buy, sell, or trade cryptocurrencies. These platforms can be centralized (like Binance or Coinbase) or decentralized (like Uniswap or PancakeSwap).

In this section, we present reviews, guides, and news related to different cryptocurrency exchanges. The content may include discussions on security features, user experience, fees, and comparisons between various exchanges, all aimed at helping users choose the best platforms for their needs.

Twin Protocol Debuts $TWIN Token on BitMart Exchange

Twin Protocol drops $TWIN on BitMart! Trade globally, create AI Twins, monetize skills, and keep data secure with blockchain.

Twin Protocol is taking its mission to the next level by launching its native token, $TWIN, on the global crypto exchange BitMart. Starting January 13, 2025, users worldwide will be able to trade $TWIN, gaining access to the platform’s unique AI tools designed to create digital replicas of users, known as AI Twins.

In other words, AI Twins are a whole new, innovative way of knowledge sharing, customer service improvement, and monetizing expertise. Special digital versions of users can even model their very own personality traits, skills, and knowledge. It is a very powerful tool for mentoring, customer support, and beyond. One can train an AI Twin as easily as just uploading documents, recordings, or other data. When trained, the AI Twins can be shared publicly or via the soon-to-launch Twin Marketplace, where users can monetize their expertise in the form of $TWIN tokens.

Twin Protocol’s partnership with SingularityNET, a leading decentralized AI platform, ensures that data security and personalization are at the forefront. By leveraging blockchain technology, Twin Protocol gives users full control over their AI identities, making the platform secure and empowering.

This BitMart listing follows $TWIN’s launch on Uniswap in 2024 and marks another step toward making Twin Protocol’s tools widely accessible. With AI expected to drive massive economic changes in the coming years, Twin Protocol is giving individuals and businesses the tools to stay ahead while keeping their data safe.

Also Read: Pro-XRP Advocate John Deaton Pushes SEC to Publish Hinman Documents

Mantra (OM) Rally Loses Steam as Whales Start Selling

Mantra’s OM token that gained traction across the market with its 30% spike has fallen off quite quickly and now it stands on a mere $3.81. Major reason for this is whales selling big amounts in such a short time. $1.8M worth of OM hit exchanges, signaling complete sell-offs. Supply on exchanges is up by 10% which means its going for a cooldown. Despite this downfall, OM’s still up 20,000% this year with a $3.8B market cap.

Mantra’s OM, the native cryptocurrency powering Mantra’s ecosystem recently had a uphill ride, but it quickly fell off. Just yesterday, it had a strong rally as it jumped over 30% in just 24 hours. This led it to reach its all time high of $4.52 but the positives end there, right after that it started to dip and is indicating to dip down even further. As of now, it is priced at $3.88 and there is no hint in sight that tells its going to increase.

Whale Sell-Off Behind OM’s Decline

Main reason behind such sharp drop is all thanks to whales who decided to quickly sell off all their tokens. According to a report, between November 14 and 17, the amount of OM being bought and sold fell by 54%, this leads to a drop in the token’s price.

Plus, whales are making big moves with OM, $1.3M went to Binance and $534K to OKX. Furthermore, even more OM tokens are set to be sold as every major owner is hitting exchanges. To be accurate, there’s $1.2T worth of OM chilling on exchanges right now.

OM’s Rally is Still Positive

However, despite this price pullback if we compare it from a year ago, it has risen by nearly 20,000%. It holds the market cap of over $3.8 billion. This rally started back when Mantra hyped a big announcement, but there’s no saying where it will go from here as with 10% more OM on exchanges (17.8% total), an overbought situation is undeniable.

Read similar topic: Trump’s Lead Over Harris Narrows on Polymarket as Bitcoin Dips to $68,000

$OM Token Skyrockets 35% in a Day on Mantra Chain

Mantra Chain’s $OM token as seen massive boom lately, increasing by 35% and hitting $2.72. This really helped them boost their market cap to $1.9B with massive $867M in trading volume. Big action came from exchanges as well which also came from big names like Bitunix and DigiFinex. However, a whale pulled out 1.2M $OM from Binance which led to prices dipping by 3% and now overall tokens left are 888.89M.

A native cryptocurrency that powerds Mantra ecosystem goes by the name of Mantra Chain’s $OM token. This is a blockchain focused on DeFi, staking and governance. This token is gaining good momentum lately, graphs show it increasing by 35% in just a matter of 24 hours. According to CoinGecko, it reached $2.72 mark after this surge. The OM token is currently being traded very actively on multiple exchanges and this recent increase even pushed its market cap to reach $1.9 billion. That’s a 32% up  with a 24-hour trading volume surge of 215%, resulting in total $867 million reach.

Read about: Thumzup Allocates $1M for Bitcoin Treasury Reserve

With a 24-hour volume of $33.68 million, or 3.88% of the overall volume, Bitunix has the greatest volume of trades, with the OM/USDT pair trading at $2.21.. That’s not all , other exchanges from  Ourbit and DigiFinex also contribute massively, with Ourbit solely handling $13.23 million and DigiFinex seeing $80.2 million in trading volume.

This surge didn’t last long though, just after this the price dropped by 3%. This sudden drop is all because of a whale’s withdrawal of 1.2 million OM from Binance. Reportedly, he withdrew 19.47 million OM from Binance since December 24, at an average price of $0.662. As of now, the total supply of tokens is 888.89 million, among which 855.14 million tokens are already on circulation.

Read more: Polymarket Whale Loses $3.6M in Tyson Bet Gone Wrong

Galaxy Digital Turns to AI Innovations Amid Bitcoin Mining Challenges

Summary

Galaxy digital, a seemingly huge name in Bitcoin mining is shifting focus to AI amid its rising competition and mining challenges. In its Q3 report, they revealed plans to repurpose their Helios facility in Texas for high-performance AI computing through partnership with a major data center. Galaxy aims to ramp up their power capacity to reach 1.7 GW.

Galaxy digital, a financial services and investments management company which also performs Bitcoin mining has decided to hop in on the trend and shift to AI . Its mostly driven to such path by increasing competition and rising mining difficulty within the whole sector.

In its Q3 reports, Galaxy shared info about them teaming up with a big-time data center called “hyperscaler”, which is rumored to convert its 800MW Helios mining facility in Texas into a high-performance AI hub. At this time only 200MW is active and they’re aiming to boost capacity by adding up to 1.7GW but they need approval from higher-ups to make it possible.

They are not the only ones following this trend, some other big names in crypto mining like Riot Platform and Marathon Digital are also looking to hop on to AI. Core Scientific has already locked in an $8 billion AI deal with CoreWeave over the next 12 years. Analysts say this shift is a major game-changer, to quote: “if Bitcoin miners put 20% of their energy toward AI, annual profits could hit $14 billion by 2027”.

Arkham Intelligence Launches Perpetual Futures Exchange with On-Chain Auditing and Rewards Program

Summary

Arkham has just dropped a new perpetual futures exchange going live next week. Users will now be able to trade spot and futures with full on-chain proof of reserves. Sign ups are available now and users can earn Arkham Points for trading now, which can later be redeemed for Arkham tokens. However, U.S. users are blocked from these services.

Blockchain analytics firm Arkham Intelligence has finally broken silence by announcing the launch of their new perpetual future exchange. This exchange is set to go live by next Wednesday. This perpetual exchange will offer users a platform to trade spot and perpetual futures. As said in an announcement, they will provide an on-chain auditing and traceable proof of reserves which helps keep things organized and secure.

Plus, they are also launching rewards system where users can earn Arkham Points based on their trading volume, and this feature is even better for VIPs as they get extra 10% boost. One can swap these points for ARKM tokens after 30 days of trading. Arkham’s really stepping up their game lately, from dropping their own token (ARKM) to being ranked among top 150 cryptos.

As of November 7 2024, the ARKM token is priced at $2.10 with a 24 hour trading volume of $206,169,606. This indicates an increase by 0.36% since yesterday and a whopping 32.00% increase since past 7 days. With a circulating supply of about  300 Million ARKM tokens and a market cap of almost $623,895,694 Arkham is placed comfortably on top 150 list of world’s top cryptos. Also being backed by billionaires like  Peter Thiel and OpenAI CEO Sam Altman this platform is not slowing down anytime soon.

Read similar topic: OpenAI expands globally: Singapore is next

Meta Teams Up with Reuters to Bring Real-Time News to Its AI Chatbot

Summary

Meta’s latest AI tech aims to level up the way we get our news, thanks to the new collab with Reuters. They’ve locked a multi-year deal and are letting Meta’s AI chatbot serve real time Reuters news straight to meta applications. Now we can get the updates just by asking!

The latest AI technology from Meta, a multi-billion dollar company famous for its social media platform, have made collaboration with Reuters, a global news organization known for their reliable, real-time news and information delivery. This is a multi year partnership and it is set to change the way we perceive news.

Basically there is going to be a chatbot in users’ any meta apps like Messenger, Instagram, WhatsApp and Facebook, where user can ask that bot about the news they want to know about. Its like having an intelligent friend who is up to date with all the latest news. Users are promised to receive accurate, up-to-date information alongside links to Reuters’ full coverage.

This collaboration is also a step up for Meta’s AI integration programs. It boosts engagement on its platform while also supporting news organizations. This initiative is just a part of Meta’s broader AI strategy. Some of its plans include AI driven customer service on WhatsApp and predictive content features on Facebook. These innovations show how Meta’s ambition to transform interaction with information.

AI is rapidly becoming more mainstream, similar to meta many other big tech companies are also investing on the advancement of AI. This further increases chances of AI crypto being face of the market.

Read similar topic: Vaneck launches fund of $30M to boost Fintech, Crypto and AI startups

Stripe Acquires Stablecoin Platform Bridge in $1.1B Deal

Summary

Stripe has reportedly accomplished acquisition of stable platform Bridge for $1.1 billion, as per the post done by TechCrunch co-founder Michael Arrington. However, the actual companies have yet to make an official statement.

Deal Confirmed, No Official Announcement Yet

The acquisition of Bridge, founded by former coinbase executives Zach Abrams and Sean Yu in 2022, follows alleged report from last week that the company were in final stage of negotiations. However, neither Stripe nor Bridge have released any official statement except X (formerly twitter) post by Michael Arrington.

Arrington’s Oct. 20 X post.

Bridge’s Role in Stablecoin Market

Bridge provides further features and facilities such as creation, transfer and storage of stablecoins making the system smoother for Stripe. A $40 million funding round for bridge was conducted in August which was conducted by major investing companies like Sequoia and Ribbit, which was followed by the negotiation deal.

Stripe’s Growing Crypto Ambitions

Stripe’s acquisition of Bridge fits its strategy to re-enter the crypto sector. After first introducing Bitcoin payments in 2014 and discontinuing them four years later, Stripe re-entered the market with stablecoin payments in 2024, citing demand for faster and cheaper blockchain transactions.

Rising Demand for Stablecoins

The use of Stablecoin is continously growing, reaching a market height of $173 billion in Q3 2024. This initiative positions Stripe on a favourable position to capitalize on the booming market, which has potential of hitting $3 trillion by 2030. Traditional Financial giants like Paypal and Visa have also started to enter this digital space.

Hyve Unveils High-Throughput Data Availability Protocol, HyveDA

Summary 

Blockchain infrastructure company, Hyve has released a Data Availability Protocol, HyveDa. This project aims to provide faster services with throughput of 1 gigabyte per second, which is 100 times faster than current solutions.

Revolutionizing Data Availability

Protocols like HyveDa are crucial for decentralized applications to get reliable and necessary data without being controlled by centralized system. HyveDa offers high speed permissionless network connections where anyone can join without approval, which removes the bottleneck of decentralized system also enhancing scalability and decentralization.

Scaling for High-Volume Applications

Currently capable of 1 GB/s, Hyve plans to scale HyveDA’s throughput to 50 GB/s as the network expands. This positions the protocol to handle data-heavy applications such as artificial intelligence, decentralized finance, and Web3 gaming. Its permissionless design aligns with the core principles of decentralized ecosystems, providing flexibility and accessibility.

Strategic Partnerships and Funding

HyveDa is in mutually beneficial relationship ecosystem aiming for reliable security. Hyve raised $1.15 million in pre-seed funding, to grow and improve its team, enhance layer-2 blockchain system and other platforms. This project aims to solve digital challenges related to large scale data handling in decentralized system.

Future Outlook

HyveDa is showing a great promise in blockchain environment but it’s real success will be determined by it’s scalibility in real world environment. It provides High speed permissionless network which does solve network issues but might cause security problems as anyone can access data without approval. However, the protocol’s focus of handling high-throughput, data intensive applications puts it in positive blockchain space.

Billionare Changpeng Zhao Investing Big in AI, Blockchain and Biotech

Summary

Binance co-founder Changpeng Zhao, one of the biggest name in crypto, has just spoke out for the first time since he was in custody. After serving 4 months in California and paying $50 million on a personal fine, CZ is still all in on AI, blockchain and biotech. In fact, he's doubling down on his investments and lays out a fresh vision for the future of the space, making it very clear that he's not backing down from pushing crypto world to the mainstream.

Changpeng Zhao was in custody regarding legal issues surrounding Binance, the crypto exchange he co-founded. U.S. authorities claimed that Binance didn’t follow strict regulations, which allowed criminals and terrorist organizations to misuse the platform for illegal activities. As a settlement, CZ had to pay a huge amount and even serve 4 months in California as part of the plea agreement.

Following his release CZ posts on X (Twitter) that he will continue investing in blockchain, artificial intelligence, and biotechnology. “I am a long-term investor who cares about impact, not returns”, he says. Despite his departure from daily operations, Zhao reassured followers that Binance seems to be doing well without him back-seat-driving, which is every founder’s dream. Zhao shared he also plans to invest more in philanthropy and education highlighting his latest project Giggle Academy. He also said he is about two-thirds complete on writing his book.

Despite his legal troubles, Zhao’s net worth remains above $60 billion, making him the richest person ever to serve time in a U.S. correctional facility. This is a new chapter in Zhao’s life, evolving beyond constraints with a fresh perspective and it is interesting where it can go.

Bybit Secures Provisional Crypto License from Dubai’s VARA

Once labelled as unregulated, Bybit: the second largest cryptocurrency exchange by derivatives trading, has just been pre-approved for licensing by Dubai’s Virtual Asset Regulatory Authority (VARA). This non-operational license implies that Bybit will be able to perform activities in Dubai and provide services to both retail and institutional clients – the next step towards the company’s globalization.

On its part, Bybit’s Chief Operating Officer, Helen Liu noted that factors such as the strategic location of Dubai, free-spirited regulation, and commitment towards the establishment of a hub for innovation make Dubai a fertile ground for the success of Bybit. “Today, there are immense possibilities in the sphere of cryptocurrency for business and investors and it would be sufficient to name only Dubai in this regard,” she continued.

Bybit relocated its headquarters to Dubai at the start of 2022 and earlier this year expanded its partnership with the DMCC from an ecosystem partner to an adviser. The exchange is sill in a process of chasing operating license to the full.

Taking into account, the trading volume of Bybit has ten times more than $15. , ending the day in the second place behind Binance, its derivatives totaled $8 billion on September 16, thus further cementing its position in the global cryptosphere.

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